The Key Players in Global Cogeneration Equipment Market 2016-2020

Friday 27 May 2016, Amsterdam

The report, now available on ASDReports, recognizes the following companies as the key players in the global cogeneration equipment market: ABB, Aegis Energy Services, BDR Thermea, 2G Energy, GE & Alstom Energy, and Siemens.

Other Prominent Vendors in the market are: Mitsubishi Heavy Industries, Wolf, Baxi Group, Liebherr, Toshiba, Viessmann, Elcore, and Alfa Laval.

Commenting on the report, an analyst said: “One trend that is expected to pay a positive role in market growth is the penetration of the micro-CHP systems in the European market. Micro-CHP is a small scale cogeneration technology that can be used across commercial and residential sectors. Over the years, this technology has transformed into a cost-effective commercial technology. It is a natural replacement for the boiler technology. High demand for thermal energy from residential, industrial, and commercial sectors coupled with the demand for heat for space heating makes Europe a natural destination for micro-CHP systems. Revolution of the micro-CHP systems in Japan has inspired Europe to implement this on a wide scale.”

According to the report, a key growth driver is the increasing environmental concerns and energy efficiency regulations being enacted in different countries. Climate change, at present, is a crucial global challenge. Rising temperatures worldwide and alarming levels of temperature change have forced policymakers to implement stricter energy efficiency regulations and GHG emission reduction targets. Energy efficiency can be treated as one of the most efficient tools to combat climate change. Over the years, many regulations and targets have been set at both international and national levels. These programs and regulations are expected to drive the cogeneration market in the coming years. In the recent years, there has been a growing trend in the implementation of energy efficiency regulations.

Further, the report states that one challenge that could restrict market growth is the inability to sell excess power and also the lack of infrastructure to set up cogeneration systems.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.